Balance of payments, June 2013

Current account

• The current account posted a surplus of EUR 0.3 bn in June, compared with a surplus of EUR 0.03 bn in June 2012. In balance of payment terms¹, the trade account posted a surplus of EUR 0.4 bn. The aggregate current account for the past 12 months posted a deficit of EUR 1.6 bn.

Financial account

Investment was inward on net, in the amount of EUR 0.3 bn.

• Direct investment was EUR 0.8 bn outward on net.
• Portfolio investment was EUR 5.5 bn inward on net.
• Other investment (loans, deposits and trade credits) was EUR 4.3 bn outward on net.

Net international investment position at end-June

Foreign assets exceeded foreign liabilities by EUR 17 bn.

• Finnish residents’ foreign assets totalled EUR 618 bn.
• Finnish residents’ foreign liabilities totalled EUR 601 bn.

Net international investment position – excluding equity items – was a negative EUR 80 bn.

¹ The data under ‘Goods’ in the balance of payments statistics differ from the National Board of Customs’ foreign trade statistics. Freight and insurance costs, which appear in balance of payments statistics as services expenditure, are deducted from the National Board of Customs’ cif-based goods imports. Goods produced in ports, including eg fuel, are added to both imports and exports.